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Value Charts by David Stendhal

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    Value Charts by David Stendhal

    Hi,

    I would like to code the Value Chart indicator for NT unfortunately I am not skilled enough to do that task. I just began to learn C# programming couple weeks ago and I'm still a newbie.
    Here is a link with an interview of D. Stendhal where he explain this indicator with a few graphs.

    http://www.chartresearch.com/TSInterview.htm

    And here is the link for the Javascript for this indicator :

    http://hk-lisse.over-blog.com/

    The explanations on top of the code are in french but I can translate everything (i'm french)

    I would be very grateful if someone would explain me how to implement this indicator step by step

    #2
    Value Charts is a detrended price indicator and in that sense it is an oscillator that tries to show overbought and oversold conditions with detrended price extremes.

    There is probably no need to translate the French version you quoted in Java because the original Helweg & Stendahl code is available on their website and reproduced in TS EL (Tradestation Easylanguage) here: http://www.traderslaboratory.com/for...html#post29610 EL is Pascal like and easy to read.

    Many probably have independently coded Value Charts in NT C#. One example is published here: http://www.traderslaboratory.com/for...html#post35203

    The problem with the NT Value Charts remained in that NT6.5 and prior versions do not support plotting synthetic bars of OHLC (Open, High, Low, Close) natively. Therefore, to reproduce Value Charts properly in NT requires overriding the native plotting method. However, there is no NT technical support when you try to override the native NT methods. Gumphrie in this forum may have stated that he has coded such a version with properly plotted OHLC synthetic bars.

    You can of course just plot the High and the Low and approximate the original Value Charts as was done in the second URL above.

    Original Value Charts by Helweg and Stendahl:

    Last edited by thrunner; 05-12-2008, 05:54 PM.

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      #3
      As a last resort you can also try contacting one of the NinjaScript Consultants here: http://www.ninjatrader.com/webnew/pa...injaScript.htm
      Josh P.NinjaTrader Customer Service

      Comment


        #4
        "overriding the native plotting method" ?
        sounds pretty difficult especially for me.
        Does anyone know how to do that thing ?

        Comment


          #5
          Please see CustomPlotSample indicator. Note, you need to be C# proficient in order to code at that detailed level.
          DierkNinjaTrader Customer Service

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            #6
            Do you have a link ?
            Because I cannot find anything on the help guide

            Comment


              #7
              CustomPlotSample is an indicator whose code you could pull up in the NinjaScript editor. There is nothing in the help guide since coding at that level is beyond the scope what we provide support for.
              DierkNinjaTrader Customer Service

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                #8
                you can download the ValueChart indicator here :
                http://www.ninjatrader-support.com/v...id=113&catid=1

                Comment


                  #9
                  thank you!!!

                  Comment


                    #10
                    cls71, thanks a lot for posting this indicator -- i've been testing it out and looks great so far.

                    Comment


                      #11
                      ok. you're welcome.

                      Comment


                        #12
                        very nice looking indicator, but not sure if it could give more information then say Bollinger Bands or Keltner channels ... may be easier to read, but then you are distracted from price chart etc.

                        Comment


                          #13
                          Regarding the Value Landmark indicator -- Price Marker does not appear, even when set to true. Also, could you change the display plot to allow us to choose a simple histogram line? The rectangles overlap, and are hard to discern from one bar to another. Thanks.

                          Comment


                            #14
                            I've been looking for ValueCharts for a small project...
                            The one posted by cls71 looks ok, but it calculates a little different.
                            So I translated from TradeStation.
                            If anyone finds it usefull, enjoy...

                            Edit: Removed link due to updates ...
                            Last edited by roonius; 01-08-2009, 08:44 PM.

                            Comment


                              #15
                              Looks good.

                              Here's some more info I found on this:
                              http://www.chartresearch.com/ValueCharts.htm

                              http://www.chartresearch.com/AtE-IR20.htm
                              Last edited by Elliott Wave; 12-02-2008, 01:07 AM.

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